Philadelphia-based Pep Boys has acquired 17 Discount Tire Centers in southern California from the AKH Co. The purchase price was $10 million. These shops, now operating as Pep Boys Service & Tire Centers, are located throughout the greater Los Angeles market, from Bakersfield to Orange County. They provide full-service vehicle maintenance and repair, including brand-name and private-label replacement tires.
“With this acquisition, 75 percent of Los Angeles-area residents live within three miles of a Pep Boys location,” said Joe Cirelli, senior vice president for business development. “Now we have nearly 150 locations in California, where we have served customers since 1933.”
Pep Boys has more than 750 locations nationwide.
We encourage you to add your comments below concerning this article.